21
Jul
16:50
Pig iron slide continues despite higher buying interest
The merchant pig iron market has picked up pace in the past week, as sellers accepted lower bids amid plentiful offer volumes and thin buying interest. Lower trending scrap and iron ore prices have also supported the descending sentiment, Kallanish observes.
In the US, a large steel producer booked around 55,000 tonnes of high-phosphorous pig iron spread across several suppliers at $450/tonne fob Brazil, for early-September loading, grossing forward to around…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous